With farm income anticipated to be down nearly $15 billion in 2006 compared with 2005, the American Farm Bureau Federation has launched a new Web site to assist farmers and ranchers make production decisions based on prevailing economic factors. The goal is to help producers increase their income and reduce expenses for a positive bottom line.
The address for the "Farm Bureau Production Decision Aid" Web site is http://fbpda.fb.org/. The AFBF economic analysis team has assembled information and data related to crop and livestock production expenses as well as whole-farm planning. Updates to the information will be regularly posted during the year.
"Via the Production Decision Aid site, producers can link to the best farm management information available including recent government and university reports and marketing specialist analysis," says Bob Young, AFBF chief economist. "As the site notes, marketing will be a key to producer income in 2006 as in most years. The lowest crop prices during 26 of the last 30 years occurred at harvest time," Young says.
The Web site lists production information for cattle, cotton, dairy, feed grains, fruits/vegetables, hogs, peanuts, rice, soybeans and wheat. Resources or links that relate to each commodity appear on the front page of a section, and then by clicking onto a specific region of the country, the resources specific to that commodity and region are provided.